Stocks Ended Mostly Higher, Oil Climbed

U.S. stocks ended mostly higher on Wednesday, with the S&P 500 and the Nasdaq climbing following a crushing Tuesday equity rout. The Dow Jones Industrial Average edged lower 0.95 point, to 24,464.69, The S&P 500 advanced 8.04 points, or 0.30%, to 2,649.93. The Nasdaq Composite gained 63.43 points, or 0.92%, to 6,972.25.

Oil futures climbed on Wednesday as expectations for a production cut at a meeting of major oil producers early next month helped prices recoup part of the previous day’s slump. January West Texas Intermediate crude rose $1.20, or nearly 2.3%, to settle at $54.63 a barrel. January Brent climbed by 95 cents, or 1.5%, to end at $63.48 a barrel.